Cowen Prime Services LLC Purchases 362,650 Shares of Iteris, Inc. (ITI)
Cowen Prime Services LLC boosted its position in Iteris, Inc. (NASDAQ:ITI) by 180.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 563,395 shares of the technology company’s stock after acquiring an additional 362,650 shares during the period. Iteris accounts for about 1.8% of Cowen Prime Services LLC’s holdings, making the stock its 17th biggest position. Cowen Prime Services LLC owned approximately 1.73% of Iteris worth $3,747,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Iteris in the third quarter worth approximately $120,000. Rhumbline Advisers bought a new position in shares of Iteris in the second quarter valued at approximately $136,000. The Manufacturers Life Insurance Company bought a new position in shares of Iteris in the second quarter valued at approximately $137,000. New York State Common Retirement Fund bought a new position in shares of Iteris in the second quarter valued at approximately $156,000. Finally, Spark Investment Management LLC lifted its holdings in shares of Iteris by 191.3% in the second quarter. Spark Investment Management LLC now owns 30,000 shares of the technology company’s stock valued at $186,000 after purchasing an additional 19,700 shares in the last quarter. Institutional investors and hedge funds own 33.99% of the company’s stock.
Iteris, Inc. (NASDAQ:ITI) traded up $1.07 during mid-day trading on Thursday, hitting $6.82. The stock had a trading volume of 446,400 shares, compared to its average volume of 149,592. Iteris, Inc. has a 52 week low of $3.20 and a 52 week high of $8.17.
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A number of research firms have recently weighed in on ITI. Zacks Investment Research lowered Iteris from a “buy” rating to a “hold” rating in a report on Friday, August 25th. B. Riley restated a “buy” rating and issued a $9.00 target price on shares of Iteris in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $8.31.
In related news, Director Global Investors Fundamental sold 269,293 shares of Iteris stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $6.31, for a total transaction of $1,699,238.83. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas N. Blair sold 43,750 shares of Iteris stock in a transaction on Friday, August 25th. The stock was sold at an average price of $5.99, for a total value of $262,062.50. Following the sale, the insider now owns 25,000 shares in the company, valued at $149,750. The disclosure for this sale can be found here. Insiders sold 463,955 shares of company stock worth $2,887,683 in the last 90 days. Corporate insiders own 4.30% of the company’s stock.
Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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